Ooma price target lowered to $14.50 from $16 at Alliance Global Partners

Alliance Global Partners lowered the firm’s price target on Ooma to $14.50 from $16 and keeps a Buy rating on the shares after the company reported Q4 results. The firm believes AirDial adoption for aging copper lines has been slower than expected and believes a lack of market awareness has limited its ability to compete for larger enterprise deals, so the firm lowered its adjusted EBITDA estimates for FY25 and FY26.